This Is What Whales Are Betting On Rivian Automotive
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish stance on Rivian Automotive (NASDAQ:RIVN) through options trading, with 51% of trades indicating bearish tendencies. Analysis of options history revealed 31 unusual trades, with a significant portion being puts. The trading volume and open interest suggest a price window from $0.5 to $20.0 for RIVN. Noteworthy options activity includes both bearish and bullish sentiments, with a notable volume and open interest in the past 30 days. Rivian's current market standing shows a slight price increase to $8.73, with an earnings announcement expected in 15 days. Analysts have given mixed ratings, with an average price target of $11.6.
April 22, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Rivian Automotive has seen a bearish sentiment from financial giants through options trading, with a current slight increase in stock price to $8.73 and an upcoming earnings announcement. Analysts have provided mixed ratings with an average price target of $11.6.
The bearish sentiment in options trading, combined with the upcoming earnings announcement, suggests potential volatility for RIVN's stock price. The mixed analyst ratings indicate uncertainty, which could lead to short-term price movements. The slight increase in stock price may not sustain if the earnings report does not meet market expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100